Volkswagen plans 20% cost cuts by 2028 to tackle China slowdown, high costs and US tariffs; 35,000 German jobs to go by 2030.
China added China Zheshang Bank to its systemically important banks list, raising total to 21, as regulators tighten scrutiny over property-sector debt risks.
CEO Charlie Nunn says the bank is reviewing its use of 30,000 employees' account data in union pay talks after privacy concerns and inquiries by Information Commissioner's Office.
Policymaker Catherine Mann says sharp UK minimum wage hikes have pushed youth unemployment to 13.7%, not signaling wider job losses.
The European Central Bank, led by Christine Lagarde, will offer global standing euro repo access from Q3 2026 to boost the euro's role and guard against market stress.
Japan PM Sanae Takaichi meets BOJ Gov Kazuo Ueda as markets eye possible rate hike amid yen rebound and inflation pressure.
Xiaomi's YU7 SUV led China auto sales in January with 37,869 units,double Tesla's Model Y, marking a major shift in the EV market.
Dow Inc. shares jumped 40% in 2026 despite a $2.6B 2025 loss, as investors back its $2B restructuring plan and margin recovery efforts.
President Trump is reviewing steel and aluminium tariffs, considering exemptions on some goods to ease consumer costs ahead of midterm elections.
US consumer prices rose 0.2% in January and 2.4% year over year, below expectations, as energy and used car prices declined.
OPEC+ is leaning toward resuming oil output increases from April as demand rises and Brent trades near six-month highs.
Hong Kong retail banks' profit growth slowed to 7.3% as rising bad debts and thinner margins offset wealth income, data from the Hong Kong Monetary Authority showed.
A global chip crunch has pushed memory prices up over 600%, squeezing Chinese smartphone and broadband device makers amid AI-driven demand.
Goldman Sachs Chief Legal Officer Kathy Ruemmler will step down after emails revealed close ties to Jeffrey Epstein.
Global EV sales fell 3% to 1.2M units as demand slumped in China and North America, data from Benchmark Mineral Intelligence
Deutsche Bank plans to hire up to 50 private bankers in emerging markets, boosting wealth services and Lombard lending growth.
BMW recalls about 575,000 vehicles worldwide due to a faulty starter motor that could increase fire risk in worst-case scenarios.
China may probe French wine or impose tariffs if Paris backs EU tariffs on Chinese goods, escalating trade tensions; no action yet from France.
Kraft Heinz pauses company split as CEO Steve Cahillane focuses on profitable growth; forecasts muted 2026 earnings.
Global Counsel, co-founded by Peter Mandelson, worked for OpenAI and Palantir before both signed UK government contracts, raising conflict-of-interest questions.
Ford reports Q4 net loss of $11.1B and FY loss of $8.2B, hit by EV charges; Q4 EPS $0.13 vs. $0.19 expected, revenue in line at $42.4B.
China Overseas Land & Investment wins HK$1.8B bid for Kowloon East site, set to build 470 flats, outbidding eight rivals.
Hong Kong investors are reassessing Panama investments after a port dispute, with Chief Executive John Lee urging fair treatment for local firms.
47% of Europeans support banning X if it keeps breaking EU rules, with most urging stronger action over compliance concerns.